Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in HEG.
“HEG is the stock which I
would advocate traders to buy this stock in a range of 604-606 with a
price target of 622 and stop loss placed below 584.
We believe the benefit of
increased prices will flow in by H2FY18 and FY19E. We expect HEG to
capitalize on the favourable demand supply dynamics and report robust
earnings growth led by volume increase and improved pricing. Further,
on account of higher operating leverage, EBITDA margins are likely to
increase sharply from current levels.
HEG were closed 13.74 per cent
up today at Rs 595.30 on NSE.